Tdam USA Inc. Has $4.38 Million Holdings in International Flavors & Fragrances Inc (NYSE:IFF)

Tdam USA Inc. increased its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 134.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,218 shares of the specialty chemicals company’s stock after purchasing an additional 17,318 shares during the period. Tdam USA Inc.’s holdings in International Flavors & Fragrances were worth $4,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winder Investment Pte Ltd lifted its position in International Flavors & Fragrances by 3.9% during the 1st quarter. Winder Investment Pte Ltd now owns 20,300,000 shares of the specialty chemicals company’s stock worth $2,614,437,000 after buying an additional 763,142 shares in the last quarter. BlackRock Inc. raised its holdings in shares of International Flavors & Fragrances by 3.7% in the 1st quarter. BlackRock Inc. now owns 7,047,059 shares of the specialty chemicals company’s stock valued at $907,591,000 after purchasing an additional 252,241 shares during the period. Swedbank raised its holdings in shares of International Flavors & Fragrances by 11.8% in the 2nd quarter. Swedbank now owns 1,403,192 shares of the specialty chemicals company’s stock valued at $203,589,000 after purchasing an additional 148,419 shares during the period. Geode Capital Management LLC raised its holdings in shares of International Flavors & Fragrances by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 1,305,387 shares of the specialty chemicals company’s stock valued at $174,980,000 after purchasing an additional 130,842 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of International Flavors & Fragrances by 26.9% in the 1st quarter. Nordea Investment Management AB now owns 1,073,179 shares of the specialty chemicals company’s stock valued at $138,217,000 after purchasing an additional 227,602 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:IFF traded down $1.37 on Tuesday, reaching $118.71. 1,117,801 shares of the company’s stock were exchanged, compared to its average volume of 1,280,068. The company’s fifty day moving average price is $141.06. International Flavors & Fragrances Inc has a twelve month low of $116.87 and a twelve month high of $152.95. The firm has a market cap of $13.08 billion, a P/E ratio of 18.90 and a beta of 0.75. The company has a quick ratio of 1.59, a current ratio of 2.60 and a debt-to-equity ratio of 0.71.



International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.61. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $1.76 EPS. The business’s revenue was up 41.3% compared to the same quarter last year. Equities analysts predict that International Flavors & Fragrances Inc will post 6.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be given a dividend of $0.75 per share. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, September 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.53%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 46.50%.

A number of equities research analysts have recently issued reports on IFF shares. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $127.00 to $125.00 in a report on Wednesday, August 7th. KeyCorp dropped their target price on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus set a $120.00 target price on shares of International Flavors & Fragrances and gave the company a “hold” rating in a report on Wednesday, August 7th. BNP Paribas cut shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. Finally, Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $133.00 in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $143.00.

In related news, insider Nicolas Mirzayantz sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $142.00, for a total transaction of $355,000.00. Following the sale, the insider now owns 40,858 shares in the company, valued at approximately $5,801,836. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 10,508 shares of company stock worth $1,496,115 in the last quarter. 0.39% of the stock is currently owned by company insiders.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

Further Reading: Bid-Ask Spread

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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